Multiple Choice
If a firm hires labor for $4,000,pays rent of $1,500,buys raw materials for $6,000 from another firm,earns profits of $500,and sells its output for $14,000,the value added by the firm is _____.
A) $12,000
B) $8,000
C) $6,000
D) $2,000
E) $500
Correct Answer:
Verified
Correct Answer:
Verified
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